NEWS INFORMATION

GENERAL MANAGER RESIGNS FROM ALAMEDA POWER & TELECOM

ALAMEDA, Calif., February 23, 2004 - Alameda's City Manager, James M. Flint has announced the resignation of Ms. Junona A. Jonas from the position of General Manager of Alameda Power & Telecom, a department of the City of Alameda. Ms. Valerie Fong, Alameda Power & Telecom Utility Services Manager, will succeed Ms. Jonas as General Manager.

Ms. Jonas has accepted the position of Utility Director for Silicon Valley Power, the municipal utility serving Santa Clara, California. In announcing the resignation, Mr. Flint said, "Junona has been a definite asset to the enterprise, and I accept her resignation with regret. We understand and appreciate her interest in her new appointment, though, and wish her well in this endeavor."

"However, we are truly fortunate in having Ms. Fong prepared to assume the General Manager position," he continued. "In addition to her recent service at Alameda Power & Telecom, she has over 24 years of utility and management experience and is enthusiastic about assuming her new role."

Ms. Jonas joined Alameda Power & Telecom in December 2000 and has directed the utility through the addition of new telecommunications business lines. Of her tenure, she said, "I have truly enjoyed my association with Alameda Power & Telecom and am proud to have been a part of such a committed, innovative, and dedicated team. The utility is in an excellent position to meet its future challenges."

The appointment of Ms. Fong is effective April 5.